Rothschild Offers 149 Properties for $95M

ST. LOUIS-After almost 40 years, local developer and antiques dealer Pete Rothschild is pulling out of the property-owning business, as well as selling his company Red Brick Management. He’s offering his amassed 149 properties for $95 million. “It’s preferable to sell the package as a whole,” says Joe LaMantia with CB Richard Ellis, the company hired to dispose the properties, “but if someone strikes a deal, we’ll see how it plays out.”

Most of the sites are small multifamily or retail properties, LaMantia tells GlobeSt.com. “You’ve got residential with two to 39 units, with a lot being two to six units,” he says. “All the properties are vintage, real ornate, there’s lots of character. It’s pretty interesting stuff, a unique enough portfolio that it’s hard to match to any current market.”